Gallagher Foundation
- Assets
- $8.5m
- Revenue
- $1.3m
- Investments
- $7.9m
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 41-2019884
Organization Overview
Gallagher Foundation is located in St Louis Park, MN. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallagher Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Gallagher Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gallagher Foundation has awarded 134 individual grants totaling $1,295,718. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan G Prindiville President/director | 40 | $113,562 | |
Ellen M Gallagher Secretary/director | 0.25 | $0 | |
Gerald P Gallagher Chair/treasurer/director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $551,500 |
| Interest on Savings | $3,054 |
| Dividends & Interest | $326,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $454,655 |
| Capital Gain Net Income | $455,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,335,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,562 |
| Other employee salaries and wages | $41,829 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,362 |
| Printing and publications | $517 |
| Other expenses | $103,666 |
| Total operating and administrative expenses | $341,712 |
| Contributions, gifts, grants paid | $687,533 |
| Total expenses and disbursements | $1,029,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,060 |
| Savings and temporary cash investments | $510,288 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $513,772 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,485,934 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gallagher Foundation has awarded $681,472 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
IQUI BALAM HEREDIA MARN PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $22,006 |
NATALIE PREZ GUADARRAMA PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $21,094 |
RICARDO DE JESS BALAM EK PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $20,988 |
CINTHIA ITA- CELAYA GONZLEZ PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $20,848 |
ATZIRI LUDIM GARCA GARCA PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $20,651 |
HANIA GUADALUPE GUERRERO DEL ANGEL PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $20,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |